Thursday, July 4, 2024
Koskisen Corporation has released their stock exchange. The Board of Directors of Koskisen Corporation decided on a share-based incentive program for its key employees for the years 2022 to 2026. The decision was taken on April 25, 2022.
The primary objective of the incentive program is to align goals of the company’s shareholders and key employees for increasing value of the company in a long term as well as to engage the key employees to the company and offer them a competitive incentive program based on earning and the accumulation of shares.
On June 27, 2024, the Board of Directors of Koskisen Corporation decided to add new participants to the 2024–2026 earning period, increasing the total number of participants to 25. Following this change, the maximum number of shares to be distributed for the earning period will be 331,000 gross shares. Additionally, the Board decided to add one participant to the 2022–2024 earning period, bringing the total number of participants to seven. Consequently, the maximum number of shares to be distributed for this earning period will be 156,000 gross shares.
According to the spokesperson of Koskisen, “All the bonuses paid under the incentive program are also determined by the Board of Directors for each participating employee and are paid as shares and as cash. The cash proportion covers the tax cost from the transfer of shares.”
The share-based incentive program for 2022–2026 consists of three three-year earning periods, which are from 2022 to 2024, from 2023 to 2025 and from 2024 to 2026. Employees eligible for the incentive program as well as the earning criteria and targets, which can be based on financial performance measures, strategy or other targets, are determined by the Board of Directors for each earning period.
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